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Who has more leverage in this negotiation? WTC vs Lake Placid

 

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Record10Carbon

May 1, 12 15:28

Post #51 of 92 (1527 views)
Re: Who has more leverage in this negotiation? WTC vs Lake Placid [tri_yoda] [In reply to] Quote | Reply

Burlington also has an airport that you can get to. But, last thing we need to do is get eaten by some Loch Ness monster creature that is in Champlain.

I never thought about Burlington - that would be a good place.
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monty

May 1, 12 15:53

Post #52 of 92 (1516 views)
Re: Who has more leverage in this negotiation? WTC vs Lake Placid [tri_yoda] [In reply to] Quote | Reply

Have you ever been to Lake Placid?\\

I was asked to go there and speak to a large triathlon group at the olympic training center in 1982. In 1983 i won the inaugural 1/2 ironman type distance race they put on there. I took part in many of the monday nite races they put on just about every week there, and the last time i was there to qualify for worlds in 2003 i believe. I love that place, and opposed to some other places, it has weathered the ironman storm, and kept a small town feel.

My point was that ironman can put on a race just about anywhere and it will fill up and make a lot more money than lake placid can, just because of the numbers it can hold. Keep in mind that this is a venture capital group here, looking to maximize short term revenue and profits so that they can flip this business and make a healthy profit. They do not give two shits about 20 years from now. Look, they are canceling an ironman in Utah that only gets 1700 athletes, more than Placid i believe. If they can substitute it for another NY type of race where they make more than twice as much, they have that incentive.

In any case, i hope the race survives, if not, i hope one of the other players comes in and takes advantage of all the folks like you and i that just love the place, not because of ironman, but in spite of it..


oooo

May 1, 12 15:55

Post #53 of 92 (1515 views)
Re: Who has more leverage in this negotiation? WTC vs Lake Placid [Fleck] [In reply to] Quote | Reply

Fleck wrote:
Lake Placid really is the perfect place for an IM.

Yes and no. Perfect for who?

LP has many things going for it as an IM race venue, but much of this is founded on what triathlon was all about 15 plus years ago. Back then RD's seeked out smaller towns like LP to host these races. A majority of the athletes wanted to race in scenic and challenging areas. They did not care about the hassles of getting to those locations. IMC and Penticton is another similar location. The races were smaller and the volunteer base needed was also smaller.

The current generation of triathletes and IM participants in particular, are very different than the core group from 10 -15 years ago. The races are also much bigger, and require far more volunteers. There is more a family element to the races now and more spectators. Road closures, permits and policing costs are significantly higher. The "perfect" IM race venue is different now.

I mentioned this in some other thread recently, but I had a bit of an epiphany at IMAZ last fall. If I was to pick an IM race to race these days, IMAZ would be at the bottom of my list - nothing about the course appeals to me! But almost everyone I talked to at IMAZ, athletes and spectators loved it! That's all that matters. If the participants and the spectators( friends & family) like it, then it's good! I am not going to argue with that. With three loops for bike and run and much of the run on a concrete park path, road costs are low. Phoenix is easy to get to for many with plentiful and inexpensive hotels and accommodation everywhere!

It's interesting that the St George Race has been cut back to a 70.3. as an IM it was a throw-back to the older style - like IMC and IMLP. It was no surprise as the course designers there and the original Race Directors were Roch Frey and Paul Huddle - two disciples of Graham Fraser and Old School in their thinking.






---------
Well said Steve,the Ironman landscape is certainly changing,quite literally..

I don't know what goes on for the rest of the summer in Lake Placid but the cash cow that IMC usd to be to Penticton is fast becoming,just another event in a long summer of busy weekends.In fact I would suggest it is the numerous camps and training weeks/weekends that may bring more money into the community than the race itself.


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(This post was edited by Ultra-tri-guy on May 1, 12 15:56)


jbnc77

May 1, 12 16:08

Post #54 of 92 (1499 views)
Re: Who has more leverage in this negotiation? WTC vs Lake Placid [M~] [In reply to] Quote | Reply

(Not a reply to anyone specifically)

This thread is bringing me down. I love LP and have done the race 3x. I have also been there once in June to train and found the people to be no friendlier or unfriendlier than any where else. I have come across people who do and don't like cyclists\tri-geeks in all the states I have lived (New York (Syracuse), North Carolina, Georgia and now Ohio) and ridden in (dozens).

Ever ridden in North Georgia? Lot's of mean people who don't like cyclists. Ever ride the IM Lou course? Some mean drivers out that way. But also a bunch of really nice poeple. Point is that it not very different anywhere you go.

What makes LP unique is that the IM has such a large, overall economic impact, and that, I feel, will help keep the race there under the WTC name. They will figure out a way to get the deal done.


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Record10Carbon

May 1, 12 16:27

Post #55 of 92 (1487 views)
Re: Who has more leverage in this negotiation? WTC vs Lake Placid [monty] [In reply to] Quote | Reply


Quote:
Keep in mind that this is a venture capital group here, looking to maximize short term revenue and profits so that they can flip this business and make a healthy profit.


What? They are in it to make a profit? Those bastards. So, you mean that when Graham sold the US based races the new owners who had no history of even racing and we in fact an asset mgt. company planned to make more money. I thought that they were in it for the love of the sport and to grow the brand in a very Tri-centric way.





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What if the Hokey Pokey is what it is all about?


KAlber

May 1, 12 16:42

Post #56 of 92 (1476 views)
Re: Who has more leverage in this negotiation? WTC vs Lake Placid [jbnc77] [In reply to] Quote | Reply

I'm with you. I've been to IMLP a few times as a spectator, once as a competitor and many times for fun/riding. I've never had a negative experience with the exception of a dude honking and yelling at dev during epicman last year (dev *was* out in the road quite a ways). I've had similar things happen on many rides NOT near LP as well...so i don't think it's anything unusual.

I'm going to go out on a limb and say that the business owners are VERY happy to have triathlete's and their money coming into town leading up to and including ironman weekend. There will be negative people no matter where you go.

Also, it would be a shame if ironman left lake placid as it has a solid legacy and is in one of the nicest places in the northeast.


HiKai

May 1, 12 17:37

Post #57 of 92 (1442 views)
Re: Who has more leverage in this negotiation? WTC vs Lake Placid [Fleck] [In reply to] Quote | Reply

 
Great analogy, you nailed it!! I could not agree more. Paddle Boarding from Maui to Honolulu is the next rush!!!!!!!, no dogs, no kids, maybe a few sharks and whales


Bmanners

May 1, 12 18:01

Post #58 of 92 (1433 views)
Re: Who has more leverage in this negotiation? WTC vs Lake Placid [M~] [In reply to] Quote | Reply

Did anyone mention Lake George?
If i was WTC I would mention to the LP politicians that Lake George would make a great place to start and end the race.
Lake george could use th influx of money and i think there is a big convention center there also.
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Record10Carbon

May 1, 12 18:08

Post #59 of 92 (1429 views)
Re: Who has more leverage in this negotiation? WTC vs Lake Placid [Bmanners] [In reply to] Quote | Reply

Bmanners wrote:
Did anyone mention Lake George?
If i was WTC I would mention to the LP politicians that Lake George would make a great place to start and end the race.
Lake george could use th influx of money and i think there is a big convention center there also.


While that is grand and all - let there be no question - "They" have thought of it. WTC no doubt has sent in their key folks to talk to key folks about key things. Now, we can not forget that the NY State Police is no fan at all about this event. If they were to try to change the venue there would be some serious renegotiation's about who provides security of the roads, and at what cost - UP FRONT-. The over time never has been paid (or regular time for that matter), all the while the Convention and Vist. folks are going to have the mayor and local elected officials lean on the police...they currently have some standing. "If not you (State Police), who?".

Then there is all the other "paid" volunteer relationships that they have with certainty. There is no such thing as a volunteer - period. Every boyscout troop gets something for handing out water and flat pop. Last thing WTC wants to do is try to rebuild those relationships in a new venue. There really is very much more to it, right down to the folks in canoes at the swim, who live in LP and look forward to doing it every year.

Then add in the permit folks - it is far easier to say "Same as last year" than it is to go over the new plan at every other county board meeting with every insurance adjuster on earth, the fire dept, the police, water and on and on and on and on and on
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tri_yoda

May 1, 12 18:14

Post #60 of 92 (1426 views)
Re: Who has more leverage in this negotiation? WTC vs Lake Placid [monty] [In reply to] Quote | Reply

monty wrote:
Have you ever been to Lake Placid?\\

I was asked to go there and speak to a large triathlon group at the olympic training center in 1982. In 1983 i won the inaugural 1/2 ironman type distance race they put on there. I took part in many of the monday nite races they put on just about every week there, and the last time i was there to qualify for worlds in 2003 i believe. I love that place, and opposed to some other places, it has weathered the ironman storm, and kept a small town feel.

My point was that ironman can put on a race just about anywhere and it will fill up and make a lot more money than lake placid can, just because of the numbers it can hold. Keep in mind that this is a venture capital group here, looking to maximize short term revenue and profits so that they can flip this business and make a healthy profit. They do not give two shits about 20 years from now. Look, they are canceling an ironman in Utah that only gets 1700 athletes, more than Placid i believe. If they can substitute it for another NY type of race where they make more than twice as much, they have that incentive.

In any case, i hope the race survives, if not, i hope one of the other players comes in and takes advantage of all the folks like you and i that just love the place, not because of ironman, but in spite of it..

placid has been selling at least 2800 entries for the last several years. The Utah numbers are not even close.


tomziebart

May 1, 12 18:22

Post #61 of 92 (1420 views)
Re: Who has more leverage in this negotiation? WTC vs Lake Placid [M~] [In reply to] Quote | Reply

Question - why does either one of these groups need leverage? Everyone wins with IMLP. The area gets great economic impact, the city gets a World class event, athletes get a wonderful course and place to race - The race fills up in 10 min. I see no reason why either group would not want to continue with the race. Same with Penticton, CDA, Panama City Beach, Madison, etc. BTW - I have been to every IMLP with Ironman and have done the race four times. It is my favorite IM race in North America. Z


tri_yoda

May 1, 12 18:22

Post #62 of 92 (1420 views)
Re: Who has more leverage in this negotiation? WTC vs Lake Placid [R10C] [In reply to] Quote | Reply

R10C wrote:
Bmanners wrote:
Did anyone mention Lake George?
If i was WTC I would mention to the LP politicians that Lake George would make a great place to start and end the race.
Lake george could use th influx of money and i think there is a big convention center there also.



While that is grand and all - let there be no question - "They" have thought of it. WTC no doubt has sent in their key folks to talk to key folks about key things. Now, we can not forget that the NY State Police is no fan at all about this event. If they were to try to change the venue there would be some serious renegotiation's about who provides security of the roads, and at what cost - UP FRONT-. The over time never has been paid (or regular time for that matter), all the while the Convention and Vist. folks are going to have the mayor and local elected officials lean on the police...they currently have some standing. "If not you (State Police), who?".

Then there is all the other "paid" volunteer relationships that they have with certainty. There is no such thing as a volunteer - period. Every boyscout troop gets something for handing out water and flat pop. Last thing WTC wants to do is try to rebuild those relationships in a new venue. There really is very much more to it, right down to the folks in canoes at the swim, who live in LP and look forward to doing it every year.

Then add in the permit folks - it is far easier to say "Same as last year" than it is to go over the new plan at every other county board meeting with every insurance adjuster on earth, the fire dept, the police, water and on and on and on and on and on


The Lake George idea is an interesting bargaining point for WTC. I think an iron distance race in LP could survive without WTC, however if there was a WTC event in Lake George that would be a big blow.

Interestingly, the Lake George Tri was put on by a local club for several years, but it is now run by several members of that club as a LLC (as far as I understand) as Big George and they added a half last year.
It would be interesting to see what happens this year (last year had a low turnout for the half, the OD consistently sells out). If they could build the race and WTC had difficult negotiations with Lake Placid for beyond 2013, these folks could end in a position to negotiate to put on a WTC event in Lake George. I am sure that this would result in a nice chunk of change for the LLC currently putting on Big George. This is all complete speculation BTW, I don't know anything about the group putting on Big George.

I also want to plug the Big George race. The olympic has always been great and the entry fee is very reasonable. The half last year I think had poor attendance because they did not announce until the spring and many people register for the big races a year in advance, so they were already committed. By all accounts from those who raced, the half was great. I think Lake Placid is a great venue, but Lake George is also very nice and the current event there is top notch.

(This post was edited by tri_yoda on May 1, 12 18:33)


Record10Carbon

May 1, 12 18:28

Post #63 of 92 (1417 views)
Re: Who has more leverage in this negotiation? WTC vs Lake Placid [tri_yoda] [In reply to] Quote | Reply

http://www.adirondackdailyenterprise.com/...506794.html?nav=5008

http://www.xtri.com/...temId.511710202.html

Please note: IF you read the article, Graham is the FORMER owner of IMLP and he is not the one who would be paying for the police. The article reads as if Graham never paid for the police, that is not the case. Graham also had roots in Lake Placid where as the new owners just buy roots where ever they need them.




LAKE PLACID — Representatives from Ironman and the Lake Placid/Essex County Visitors Bureau said that they have agreed to table discussions of reimbursing state police overtime pay incurred over this year’s Ironman weekend.

State police say they have agreed to no such thing.

State police Troop B Commander Maj. Richard Smith said he still wants the World Triathlon Corporation to reimburse state police about $26,500 for this year’s Ironman triathlon.
“The percentage that has been discussed heretofore has been 50 percent of last year’s (overtime pay) figure, which was almost $53,000,” Smith said.

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What if the Hokey Pokey is what it is all about?

(This post was edited by R10C on May 1, 12 18:32)


Bmanners

May 1, 12 19:05

Post #64 of 92 (1390 views)
Re: Who has more leverage in this negotiation? WTC vs Lake Placid [tri_yoda] [In reply to] Quote | Reply

While up thete skiing at Gore (which was awesome) Presidents day weekend we went into lake george for dinner. As we walked around a bit we made way to the fort whayever it is called and i said to myself " Myself this would be a pretty good place to hold a expo and a IM at. Lots of hotels within a 30 mile radiuos, a waterpark and all kind of attractions for friends and family to keep them spending money till 12:00 a.m.. What is at lake placid a old aki jump , deterating 1970's olympic village and a few overpriced antique shops. If the town tried to nickle and dime WTC and i was WTC i would say bye-bye Lake George has more to offer and we are going to hold the race there.
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Fleck

May 2, 12 5:28

Post #65 of 92 (1319 views)
Re: Who has more leverage in this negotiation? WTC vs Lake Placid [HiKai] [In reply to] Quote | Reply

Trust me - I believe and hope for a win/win here. I think LP is a great place and the WTC puts on an amazing event - they are the best big triathlon event management people in the world. There will always be negative people, who don't like what you are doing. However, the people that I find particularly annoying are the people that do go to the race, and are part of the scene, knowing full-well what it's all about and what they should expect, and then they still complain!

Steve Fleck @stevefleck | Blog | EventsOnline | Bibnumbers.com


M~

May 2, 12 5:54

Post #66 of 92 (1293 views)
Re: Who has more leverage in this negotiation? WTC vs Lake Placid [tomziebart] [In reply to] Quote | Reply

tomziebart wrote:
Question - why does either one of these groups need leverage? Everyone wins with IMLP. The area gets great economic impact, the city gets a World class event, athletes get a wonderful course and place to race - The race fills up in 10 min. I see no reason why either group would not want to continue with the race. Same with Penticton, CDA, Panama City Beach, Madison, etc. BTW - I have been to every IMLP with Ironman and have done the race four times. It is my favorite IM race in North America. Z

The basis for my question was that one of these groups is going to need leverage when the bill comes. On the one hand the WTC certainly doesn't want to start writing cheques for things that they haven't had to pay for in the past (my assumption) and the village of LP doesn't have the money to pay the overtime for these items as well. So at the end of the day, someone has to pay it. When they negotiate the next contract, one group will need that leverage to say "well, you are going to be paying this or else X will happen."
I would imagine that if the city you run triathlons in came to you and said, you know what, you need to start paying for X and it costs $20 000. You would likely come up with some scenarios about why you don't need to pay for it would you not?
Again, I am likely making a lot of assumptions but from the little knowledge I have about economics, I do know that for-profit companies don't like writing cheques to other people. :)


TimAndrus

May 2, 12 6:04

Post #67 of 92 (1283 views)
Re: Who has more leverage in this negotiation? WTC vs Lake Placid [dsmallwood] [In reply to] Quote | Reply

dsmallwood wrote:
3) any company could put on this event.
The good folks of Lake Placid could decide that its "imLP" and not the other way around. They could do an end-run around the WTC and sign a deal with Rev3 or Challenge or TriStar. That would be an exciting decision. It lets us test some other theories too, such as funny you should say this. You could say Rev3 was born on this course. Charlie did IMLP '08 (the Deluge) and that's when Rev3 was born! Would seem a pinnacle of sorts if that were to ever happen


4) the Rev3 lovers really do love Rev3.
Would all the people who talk up Rev3 sign up for the LP event if Mike Reilly wasn’t there? done it twice before, would do it again under new ownership/management! I think keeping a limit on folks is key as well, 2,800 folks on a two lap course is insane!

[quote]
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Fleck

May 2, 12 6:10

Post #68 of 92 (1274 views)
Re: Who has more leverage in this negotiation? WTC vs Lake Placid [M~] [In reply to] Quote | Reply

Again, I am likely making a lot of assumptions but from the little knowledge I have about economics, I do know that for-profit companies don't like writing cheques to other people.

Mark,

I know you meant that as a bit of a joke, but it is true. The reality with events like this, and running races, and bike races - anything that takes place on public roads and property, is that the costs to put these events on has sky-rocketed in the past few years. Many years ago, all this was done over a hand-shake and many services were gladly "donated" to the event as a gesture of good-will. Back then, the event(s) were small and it was looked upon as a good thing for all involved. Since then the game has changed substantially:

- many of these events have exploded in terms of their size

- Ounce "Donated" services now need to be paid for by the event

- Cities/Towns/Municipalities hosting these event are often deep in debt

- Road closures and permits, ounce handed out, "no problem" are not fought over tooth-and-nail . . and need to be paid for

- As the events have grown, there is often a very vocal anti-event movement that has sprung up

- On the other side are local businesses that now depend desperately on the event!

. . . and so on!

It's complicated!


Steve Fleck @stevefleck | Blog | EventsOnline | Bibnumbers.com


M~

May 2, 12 6:12

Post #69 of 92 (1271 views)
Re: Who has more leverage in this negotiation? WTC vs Lake Placid [Fleck] [In reply to] Quote | Reply

Fleck wrote:
Trust me - I believe and hope for a win/win here. I think LP is a great place and the WTC puts on an amazing event - they are the best big triathlon event management people in the world. There will always be negative people, who don't like what you are doing. However, the people that I find particularly annoying are the people that do go to the race, and are part of the scene, knowing full-well what it's all about and what they should expect, and then they still complain!

That is the catch isn't it. I LOVE the LP course even though I have sucked both times I attempted it. In order to do a race there, I have one choice. IM. And if I want to race it, I have to put up with all the crap I hate about the race management. So which do I pick? Do I do a race I love, or do I boycott? I have to agree with Tim and others though. There are way too many people on that course.


M~

May 2, 12 6:18

Post #70 of 92 (1259 views)
Re: Who has more leverage in this negotiation? WTC vs Lake Placid [Fleck] [In reply to] Quote | Reply

Fleck wrote:
Again, I am likely making a lot of assumptions but from the little knowledge I have about economics, I do know that for-profit companies don't like writing cheques to other people.

Mark,

I know you meant that as a bit of a joke, but it is true. The reality with events like this, and running races, and bike races - anything that takes place on public roads and property, is that the costs to put these events on has sky-rocketed in the past few years. Many years ago, all this was done over a hand-shake and many services were gladly "donated" to the event as a gesture of good-will. Back then, the event(s) were small and it was looked upon as a good thing for all involved. Since then the game has changed substantially:

- many of these events have exploded in terms of their size

- Ounce "Donated" services now need to be paid for by the event

- Cities/Towns/Municipalities hosting these event are often deep in debt

- Road closures and permits, ounce handed out, "no problem" are not fought over tooth-and-nail . . and need to be paid for

- As the events have grown, there is often a very vocal anti-event movement that has sprung up

- On the other side are local businesses that now depend desperately on the event!

. . . and so on!

It's complicated!


Actually I was serious when i wrote it. I always say to people, Insurance companies don't turn a profit by paying out. Same goes for any company really. You want the least amount of money going out and lots coming in. Cripes I could be a CEO!!! ;)
I get it though, times are tough right now. Everyone is looking for ways to save money. And that really is the crux of my thread here. When the village comes to the WTC and says "we can't afford to pay for this, you need to", what is the WTC likely to say back? Maybe they compromise and go down the middle since both parties certainly benefit from them staying. But maybe they say screw you, deal with it or don't sign the contract. In that case, everyone loses money. But I think the WTC has more to lose. Someone will most definitely come in and do an indie race and there will likely still be lots of people coming down to train.


rhys

May 2, 12 6:25

Post #71 of 92 (1252 views)
Re: Who has more leverage in this negotiation? WTC vs Lake Placid [TriMike] [In reply to] Quote | Reply

RE: Vineman...indeed, on my bucket list. Just a long, long way from Toronto! I hear it is a spectacular venue.
http://www.rhysspencer.blogspot.com/



Fleck

May 2, 12 6:40

Post #72 of 92 (1241 views)
Re: Who has more leverage in this negotiation? WTC vs Lake Placid [TaxAdvantage] [In reply to] Quote | Reply

I"m going up there Memorial Day to ride the course and swim the loop (water temps permitting); on my own, not with a group; just want to make sure I avoid doing anything you're talking about.

- Be courteous and respectful of all the locals

- Ride & run, so that you SHARE THE ROAD, not like you own the road!

- Use a bathroom, to go to the . . . well you know!

- Don't leave any sort of litter, anywhere!

- When talking to people . . . don't just talk about yourself!

Of course the above all seems easy to understand and straight-forward, but clearly many triathletes are not following the above basics. Be part of the solution, not part of the problem!




Steve Fleck @stevefleck | Blog | EventsOnline | Bibnumbers.com

(This post was edited by Fleck on May 2, 12 6:47)


burnman

May 2, 12 7:00

Post #73 of 92 (1222 views)
Re: Who has more leverage in this negotiation? WTC vs Lake Placid [Fleck] [In reply to] Quote | Reply

Fleck wrote:
Be part of the solution, not part of the problem!

Bingo! The flow of money to and from LP for this event is almost entirely out of our control as athletes. It's hard to vote with your wallet when the associated demand is so high. The one thing that we can control - as athletes - is our behavior while we are guests there.

Treat the locals politely. Frequent the businesses, and respect the way that they operate (they've been there longer than you have). Train off course whenever possible. When training on-course, understand that not everyone on the road is training for an IM - most are going to/from the store, work, home, etc. Above and beyond all else ... don't be a dick. It's a pretty simple formula. If more people adhered to these standards, then this anti-IM sentiment that seems so prevalent among locals wouldn't even be part of the discussion.

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Record10Carbon

May 2, 12 7:04

Post #74 of 92 (1214 views)
Re: Who has more leverage in this negotiation? WTC vs Lake Placid [M~] [In reply to] Quote | Reply

While you are correct about WTC and some RD's. I think that you can rest assured that the prior owner of IMLP was not driven first and foremost by money. I can assure you that in the years I was putting on Rockman, no money was to be made. I invested damn near every cent into making certain that the event was as safe as possible - using Grahams vision and the real world at IMLP as an example to follow. These days, IMLP would not be the cookie cutter I would want to duplicate - Wildflower maybe, Canada maybe....but not the over crowded fiasco that IMLP has become.
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M~

May 2, 12 7:05

Post #75 of 92 (1211 views)
Re: Who has more leverage in this negotiation? WTC vs Lake Placid [burnman] [In reply to] Quote | Reply

burnman wrote:
Fleck wrote:
Be part of the solution, not part of the problem!


Bingo! The flow of money to and from LP for this event is almost entirely out of our control as athletes. It's hard to vote with your wallet when the associated demand is so high. The one thing that we can control - as athletes - is our behavior while we are guests there.

Treat the locals politely. Frequent the businesses, and respect the way that they operate (they've been there longer than you have). Train off course whenever possible. When training on-course, understand that not everyone on the road is training for an IM - most are going to/from the store, work, home, etc. Above and beyond all else ... don't be a dick. It's a pretty simple formula. If more people adhered to these standards, then this anti-IM sentiment that seems so prevalent among locals wouldn't even be part of the discussion.

From what I have observed the one thing that pisses off the motorists locals more than anything else is group riding/taking up entire lanes of traffic. And I also don't really get this from a training perspective either. You race alone/not SUPPOSE to draft. So train alone/don't ride in a group.

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